JUST IN: This popular stock has disappointed investors

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Plexus Holdings Plc stock (LSE:POS) has really disappointed investors as price continues to go further and further downwards for most of this year. There is no sign of reversal in sight.

The ADX period 14 is at level 80, showing there is a huge volatility in the market. The DM- is far below the DM+, meaning bears have been in power for long. The MACD default parameters has both its signal lines and zero lines above the histogram.

There is Bearish Confirmation Pattern in the market, Sell and sell short.

Since May 2021 till now, POS has been in a downtrend. Pauses or sideways movements have invariably resulted in further bearish movements. The next target are the support zones at 10.00, 9.00 and 8.00.

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